Episode 41 - Chalmers Backflips on Super – Common Sense or Damage Done?
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Episode 41 - Chalmers Backflips on Super – Common Sense or Damage Done?
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About this listen
The Treasurer’s done a U-turn and it’s shaking up Australia’s super system.
Back in May, Jim Chalmers announced plans to tax unrealised gains on super balances over $3 million.
Fast forward to October, and he’s walking it all back.
No tax on unrealised gains. The $3 million cap is now indexed.
But the damage to public trust? That’s another story.
In this episode, Matt McCabe breaks down:
💥 What’s changed and why it matters
💥 The new 30% and 40% tax tiers
💥 How younger Aussies were almost dragged into the “rich list”
💥 Why this backflip proves the super system is political football
💥 What smart investors and retirees should do next
🎧 Listen now to hear why this “win” for common sense might have come too late for everyday Australians.
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